Final answer:
A customer presenting a receipt over 90 days old for a return might have the item accepted, but it requires management's approval. This is not a standard policy and depends on the discretion of the business management.
Step-by-step explanation:
If a customer presents a receipt which is over 90 days old for the return of an item, it is not automatically true that the item will be accepted for return. Instead, the statement suggests that such returns would be contingent upon the approval of management.
This means that the acceptance of the return is not guaranteed, but it may be possible with management's consent. Each business will have its own return policy, and it's important to note that management discretion plays a key role in returns that fall outside of the usual policy parameters.